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City presents performance overview of Tax Increment Districts and timing for upcoming closures
Summary
City staff presented an overview of the city’s Tax Increment Districts (TIDs), including current values, donor districts that offset weaker districts, and a likely near‑term closure for one district.
City staff presented a financial and programmatic overview of West Bend’s Tax Increment Districts (TIDs) during the July 21 council meeting, summarizing current increment values, donor/donee relationships among districts and likely closures.
Staff explained that TID accounting distinguishes the base property value (which continues to be distributed to all taxing jurisdictions) from the increment — the new value captured inside a TID that can be used to pay infrastructure and other qualified expenses. Staff outlined individual district performance: for example, TID No. 5 (Wisconsin Street Depot area) has about $17,000,000 in increment; TID No. 6 (near Menards/Paradise area) about $66,000,000; TID No. 10 (River Shores) about $63,000,000; TID No. 12 was reported at $72,000,000 and is expected to increase when the F Street project reaches full occupancy; and TID No. 15 (HKS Downtown Riverfront) was reported at about $32,000,000 and performing above expectations.
Staff noted some districts act as donors to others: strong performers such as the West Bend Corporate Center area (donor districts) help support districts that are slower to generate increment. The presentation also explained different TID types (industrial, blight elimination, mixed use) and that a district’s type cannot be changed once created.
City staff told the council that TID No. 7 (the MOA area) is likely to close next year, and that another district north of Washington Street could be closed as soon as this fall or would be closed next spring if the administration waits for the final payments to clear. Staff said communities can choose to close a TID or extend it for specific programs, such as housing rehab or new construction assistance.
The staff presentation included background on how TIDs affect levy allowances and the city’s unused levy capacity; staff noted the Department of Revenue will finalize new construction calculations in mid‑August. Council members and staff emphasized that TIDs remain a key local economic development tool and that a small number of underperforming or intentionally non‑developed districts are supported by stronger districts to preserve downtown character.
